B2Gold (TSE:BTO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

B2Gold Corp. (TSE:BTO) (NYSE:BTG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.92 and traded as high as C$4.09. B2Gold shares last traded at C$3.96, with a volume of 9,065,412 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BTO. BMO Capital Markets decreased their price objective on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Cormark upgraded B2Gold from a “market perform” rating to a “buy” rating and boosted their price objective for the company from C$4.50 to C$6.25 in a research report on Friday. TD Securities lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.91.

B2Gold Price Performance

The stock has a market cap of C$3.70 billion, a P/E ratio of -4.60, a PEG ratio of -0.27 and a beta of 1.23. The company has a 50 day simple moving average of C$3.59 and a 200 day simple moving average of C$3.92. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were paid a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 5.40%. The ex-dividend date was Monday, December 2nd. B2Gold’s payout ratio is -25.32%.

Insider Activity

In related news, Senior Officer Randall Chatwin acquired 10,153 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is currently owned by insiders.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.